XRT FOUNDATION ICO Review

XRT is a project that promises to revolutionize the payment method in the food industry by introducing a faster and more secure payment option than the card and cash one. The project will achieve this by introducing its own Cryptocurrency called XRT token.

XRT Foundation is a product of two young entrepreneurs namely MJ Paul and Anil Kumar. The project has been developed for those in the Restaurants and Hotel sector. The foundation is planning to partner with major Food companies to replace the ‘Cash n Card’ payment method with XRT token.

Payment Methods Available In The Current Food Industry

The food industry is very important in human life. However, despite the many benefits that the sector is associated with, identifying a fast and safe payment method is the greatest challenge. Although most of the businesses in this industry support credit or debit card payment, there is always that fear and risk of your personal details such as PIN getting into the wrong hands. Moreover, despite that, the credit card linked payment processors are more secure, they are expensive especially for online retailers.

The payment methods currently available in the food industry also miss the interface between processing systems. As a customer, you have to rely on third parties such as the banks. All these challenges lead to delay in processing and payment, high fees, and loss of transactions. It makes both the owner and their clients uncomfortable with the method.

How XRT Will Address These Challenges

XRP plans to replace the cash and card payment mode as the main payment method in the food industry. The company is planning to develop a mobile app that works with both Android and iOS devices. This payment method will be associated with the following benefits.

• XRT is safer than the cash and card payment method. The network runs on the Ethereum Blockchain that is known for its strong security features.

• The current payment methods in the food industry such as credit and debit cards are expensive. XRT follows the ERC20 protocol enabling it to have minimum transaction fees.

• To enhance the efficiency of the current payment options, many financial institutions and players in the food industry rely on the services of third parties. This compromises the security of the entire system as any weakness on this party affects all. With XRT, however, Blockchain enables the use of cryptology to eliminate the need for third-party intermediaries.

XRT On Social Media

XRT is present and active in Facebook, Twitter, and Telegram. Apart from acting as an avenue for communicating important details about the project, the company uses social media for marketing purposes. Moreover, the network provides a good platform for prospective investors and users to engage with the company.

Conclusion

The project is expected to bring major benefits to not only businesses that adopt it but also their customers. Moreover, the project is promising to address some of the most important challenges in the food industry. Once launched, the project has high chances of gaining popularity among all those involved in this sector.